After searching for the best mortgage lender, you might be surprised to get a letter soon after you close on your new home loan that states that your mortgage has been sold to a different company. You might wonder how that happened and if it is even allow
One of the things you’ll pay for when getting a mortgage loan is an origination fee. Here’s what you need to know about origination fees and why you pay them. What Is a Mortgage Loan Origination Fee? Origination means to create, so the loan or
As you begin the mortgage process, you’ll have lots of terminology thrown at you that can be a little confusing. Two similar sounding terms that might have you perplexed are conforming and conventional loans. Are these the same thing? Here’s w
After making all your mortgage payments for several years, you suddenly get a check in the mail from your escrow account. If you didn’t pay close attention during your mortgage closing, you may not even remember what an escrow account is. Here&rsquo
If you are in the market for a home loan, an adjustable-rate mortgage may be very attractive in today’s higher rate climate. If you’ve looked into ARM loans, you may also have come across the term “convertible ARM.” If you’re unfamiliar with this product,
There are many ways to structure a loan for buying a home. One lesser-known way is with an assumable mortgage. Here’s what that means and how it works: What is an Assumable Mortgage? An assumable mortgage is a home loan where the buyer legally takes over